Is it worth investing in coins you believe in?

[Saisher]

and I would like to see their project created and support them long term, but how popular is the cashing out in cryptocurrencies? Everyone seems to be spamming to the moon to the moon, but most people seem to be selling.

When they say to the moon that means they are unloading their bags, only believe them if they have a good platform that supports their projects if the project is just a pump and dump coin with no usage whatsoever you have a reason to stay away from that project, check if they have completed their roadmap, and check their marketing as well, the project should have all the attribute of a good project.

[GreatArkansas]

For me yes it is worth investing in coins i believe into, it is important that you believe in a certain coin you want to invest because that is one of the reason for you to gain profits from your investments.
(.....)

To be honest, this is better than investing in a coin that just been told by other people. At least with this you probably research the coin which you believe in.
This is the most problem of people nowadays, especially those newbies who are new in cryptocurrency, they intended to invest on some random shitcoins without any basis, like they only saw it in social media shilling by random anon people.

[flyeers309]

Investing is about what we believe in and we know the long term risks, I think it all depends on which part we understand very well,as a short term trader they will be more comfortable trading in small timeframes. This year shitcoins hype really high, anyone can get stuck just for following the fomo. Do research before investing always the best but if youre the type person wanna gain quickly profit just do hit and run.

[Ararbermas]

It's always worth it to invest in crypto currency but you should know as well at first if it's a good project and can guarantee huge profits after all before investing in a coins because that's the most important to avoid scam project.. Indeed it's always to good to be true so must be aware and always put efforts to make research before making decisions just to ensure your money is really safe.

[bluebit25]

I'm not too concerned with what you're doing, but what I need to see is the outcome of the work you think about.
With the project you're referring to I don't think it has much of an opportunity in this market, however perhaps you also have research on this project, and I respect your decision and wish you well happy with it.

[DapanasFruit]

We have to remember that there are also penny stocks and though I am not an expert on this my impression is that many of these penny stocks can be compared to many projects in the world of cryptocurrency where their values are questionable, at best. Similarly, if one is looking for real value and assets really worth holding, then one must go for at least the top 20 coins in CMC and not those new projects promoted by people who are just here for the money. And then we definitely have shitcoins which are introduced for purposes of pump and dump - with many pushed by masked scammers and fraudsters. Stocks have been with us for decades already, while cryptocurrency has been here for just more than a decade.

[Snappycoco]

Yes it is. I've been in some projects before as my source of extra income and it really paid me up with x5 up to x10. I believe it's just a matter of research and finding loop holes in the project. I know some could lead you up to nothing unless you do something about it. Do your own research and learn more here in the forum.

[Xinarae*]

If you invest without proper market analysis you will fall at risk it can be very profitable to invest in the right currency. The currency you are talking about is in very low demand in the market there is no guarantee of how high it will go that's why I think it's better to go ahead and invest in a currency like ethereum many times even if you believe in these tokens you have to fall into loss they have no value in the market so you have to use your intellect and move forward.

[imstillthebest]

why invest on something that you dont believe in ? early crypto sellers do also have some believe in the coin they get but they maybe investing in newer built coins and this coins have a higher risk to hodl longer .
that is why they sell after they get the oppurtunity .
you dont need to copy it if your from stocks because in stocks most of the assets their are legit and came from a big company but you can make use of the dip and continue hodling

[bitterguy28]

When you use the word "Believe" this means it is redundant to answer yes, imagine you already believe in coin and still you will not invest on it?

I will never invest in coins that i never give a shit.

so it is given that the answer is a big YES.

[Lantind]

Yes it is. I've been in some projects before as my source of extra income and it really paid me up with x5 up to x10. I believe it's just a matter of research and finding loop holes in the project. I know some could lead you up to nothing unless you do something about it. Do your own research and learn more here in the forum.

Without research and the right decisions will never give better results, so in general it is clear that research is always more important when choosing a project in order to get results up to x5 or x10, although not all projects can be like that.

[ethereumhunter]

If you just believe without researching the coin, that will not be worth it because you will not know how good the coin's future is. If you can analyze the coin and find why that coin will be profitable in the long term, you can expect to make a profit in the future. If you just invest in bitcoin without you know how good the movements, you will become panic, especially when you see the price can get to anywhere without you expect. So learning before investment will be important so you can select the right coin for your investment.

[molsewid]

why invest on something that you dont believe in ? early crypto sellers do also have some believe in the coin they get but they maybe investing in newer built coins and this coins have a higher risk to hodl longer .
that is why they sell after they get the oppurtunity .
you dont need to copy it if your from stocks because in stocks most of the assets their are legit and came from a big company but you can make use of the dip and continue hodling

Choosing which coin you would like to place a certain amount of your money as your investment requires you to not just believe in the potential or to the idea of the project but you should also make your own technical analysis about the token. If we would going to look back at the point where bitcoin is just a total new thing to everyone but there are some of us who believes in this kind and now we can tell that they are a self made millionaire or billionaire. Therefore I believe that it is worth investing in crypto that you believe in but just be careful and do your part also like equipping yourself with knowledge about token before anything else.

[Jaered]

In crypto, there are people in those 2 divides, strongly behind their own dogma. Some are fast cash grabbers, no sentiments. The other are few eyed sentiment investors. Some are torn in between. So there you go

[acener]

For me yes it is worth it because I wouldn't believe on coins if I haven't do some research on them.
You wouldn't just randomly pick a coin and believe on them you need to study them too so you wouldn't waste your money with them.

[TheUltraElite]

Coming from the stock market it is a lot different here because the basis is often weak for crypto keeping aside bitcoin. I can understand the OP's situation currently, but fear not the level speculation and insanity is way more in crypto than stocks.

Now talking about specific altcoins like ORA you said, my simple advice is that in the long term altcoins will not perform well. They are always good for the quick cash draw and then never thought of again, much difference with penny stocks where you keep on cycling them. Altcoins are always secondary to bitcoin, if bitcoin rises then altcoins will rise and that would be the time to sell them but none of this can be predicted. Hence you get the idea, altcoins are more of short term thing.

Bitcoin is the crypto that you can hold for long term if you can manage to buy at some low price. My suggestion is to wait for the market to crash again and buy bitcoin. You may have belief in a specific altcoin but I have watching the market for a few years now and I have seen that 99% of altcoins end up nowhere with either project developers abandoning the project or undergoing internal troubles and so on. Because the basic funding from VCs is very much lacking here and majority of projects dont have a inherent market making capability.

[m.rifki]

It's always worth it to invest in crypto currency but you should know as well at first if it's a good project and can guarantee huge profits after all before investing in a coins because that's the most important to avoid scam project.. Indeed it's always to good to be true so must be aware and always put efforts to make research before making decisions just to ensure your money is really safe.

Yes, pre-investment research is very important, the quality of the research can also be used as a benchmark for success outside of a fortune, will be very risky if we invest without research on a project that we will follow, including investing in Crypto

[iTradeChips]

The only keyword here is trust. Do you trust your money to the project? Do you trust that the project will be able to deliver its promise of a good product? Do you trust that the community will continue to support the coin for a long time? Do you trust that the information presented in the coin's website would convince you to invest on their coin? Do you know the devs and trust their capability to run a cryptocurrency or project? So many questions that you need to answer before investing in a coin.

[KryptoKings]

I really believe in the platform they want to create (just for context it’s a NFT market for ideas, so you just buy others’ ideas) and I would like to see their project created and support them long term, but how popular is the cashing out in cryptocurrencies? Everyone seems to be spamming to the moon to the moon, but most people seem to be selling.

Those who keep spam to the moon are all earlier and short-term investors who have invested in the project, they does that for price increment and to attract more individuals to the project after which the price changes then they cash out as usual. Before entrusting your funds to any project or investment platform it would be how much more do you believe in the same project, or how often and potent is the team behind such venture.
Beside from your ends where you are coming from you have understand many things about the market, and i noticed many go for short-term investment likewise me as well so is left for you to decide on what to go after.

[lienfaye]

Well it depends of what kind of coins we are talking about here to believe in. Some investors chose the established coins to hold either for short or long term, and its totally fine since well-established coins can be trusted and unlikely to be delisted in exchanges. While some investors chose to take the other path of investing in coins that has no use case, in other words a shitcoin (or meme coin) wherein they believe that can give them a huge profit in short term due to hype.

A coin that is worth to believe in is something that can solve real problem and not existing because of hype of the community. An extensive research can lead us to know these kind of coins that would be worthy to hold even for long period.